Next Game

Exeter v Portsmouth

Saturday, 09 August 2014, 15:00

Sky Bet League 2

Fans close to Portsmouth deal

Pompey Supporters' Trust has moved a step closer to buying Portsmouth after agreeing a sale with the club's administrators.

Last Updated: 15/11/12 at 13:18 Post Comment

Fratton Park: Stumbling block in fans' purchase

Fratton Park: Stumbling block in fans' purchase

The only stumbling block to the sale appears to be over the purchase of Fratton Park after owners Portpin rejected an offer for the ground.

Trevor Birch, PFK partner and joint administrator of the club, has confirmed an application has been submitted to the court for permission to sell Fratton Park.

Portpin, the investment firm owned by former Pompey owners Balram Chainrai and Levi Kushner, has a legal charge over the ground after it was used as security for a £6m loan to the club.

Portsmouth Supporters' Trust chairman Ashley Brown told their website: "We are thrilled and proud to have signed a sale agreement with the administrator to buy and run Portsmouth Football Club.

"We hope to finalise the sale by Christmas, and go into 2013 with a fresh start for our great club. This is a special day for the thousands of Pompey fans who have stood by their club and stood up to be counted."

A statement from Birch on the official Pompey website read: "We can confirm that we have signed a sale agreement with the Pompey Supporters' Trust (PST) to acquire the business of Portsmouth Football Club.

"Portpin has rejected the Trust's offer for Fratton Park, so the sale has to be conditional on receiving the Court's permission to sell the ground. We are therefore in the process of submitting an application to the Court.

"I'm sure every member of staff, every player and every supporter will join me in wishing to see a speedy resolution to what has been a protracted administration."

Related News

Most Commented

Readers' Comments

B

rilliant article. Anything that makes a man of Scolari's age wear a cap with a hashtag on it will surely precede a disaster

westwoodbo
Brazil Team Over-Subscribed To Idea Of Neymar As Deity

R

ather than Sanchez nearly done could you provide the completion status please? Maybe today Sanchez deal 72% done and then tomorrow Sanchez deal 74.3% done , leading up to 100% on the evening of the transfer window close day. Thank you.

CamberleyGooner
The Autopilot Gossip

L

ast five Arsenal captains: Gallas, Fabregas, Van Persie, Vermaelen, Arteta. Talk about a poisoned chalice...

juan de gunnaz
The Sluggish Gossip

Footer 365

FIFA rejects Luis Suarez appeal against ban for biting Giorgio Chiellini

FIFA has rejected an appeal from Luis Suarez against his four-month worldwide ban for biting Giorgio Chiellini.

Liverpool and England forward Raheem Sterling to learn from first World Cup

Liverpool forward Raheem Sterling has pledged to learn from his first World Cup experience with England.

World Cup: Louis van Gaal says two Netherlands players refused to take first penalty against Argentina

Netherlands boss Louis van Gaal claims none of his players wanted to take the first penalty against Argentina.

Mail Box

Mails: It's Not Entertainment, It's Sport...

When did we start getting the idea that football was an entertainment business? It's about winning and winning alone. We also have some defences of Louis van Gaal...

Do England Need Scholes, Lineker Etc?

They've all got ideas about where things are going wrong, so why don't they step up and help? Plus, we have lots of fall-out from the dullness of Holland v Argentina...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property